Sustainability and carbon market news

The European Commission’s 2024 NextGenerationEU (NGEU) Green Bonds Allocation and Impact Report sheds light on how green bond proceeds are transforming Europe’s environmental ambitions into action. With an estimated 55 million tonnes of CO₂...

The World Bank has launched a groundbreaking $225 million bond to support reforestation in Brazil's Amazon rainforest. This nine-year bond, set to mature in 2033, represents the largest outcome bond ever priced by the global lender. Investors are...

The Ministry of Finance has proposed amendments to Vietnam's Law on Corporate Income Tax, aiming to exempt corporate taxes on income from green bond interest and carbon credits. Two elephants roaming in Yok Don National Park, the largest national...

The Australian government is preparing to introduce its first-ever green Treasury Bond, targeting an issuance window between April and June 2024. The bond, which will mature in June 2034, signifies a strategic pivot towards sustainable and ethical...

The green finance market is on an unprecedented growth trajectory, with projections indicating an increase from $4.18 trillion in 2023 to a staggering $28.71 trillion by 2033. This surge is attributed to the rising demand for sustainable investment...

Hong Kong's government has taken a significant step in the financial world by issuing 6 billion Hong Kong dollars (approximately $765 million) in digital green bonds. This innovative move introduces the world's first multi-currency digital bond...

India is set to significantly increase its financial commitment to green initiatives in the coming fiscal year. A senior official revealed an impressive 44% rise in the budget for eco-friendly projects and schemes, utilising the proceeds from...

Costa Rica has unveiled a groundbreaking initiative to mobilise private sector funds towards sustainable development. The country's latest project, a Project Preparation Fund (PPF), seeks to leverage up to $1.2 billion in private investments by 2030...

The Jamaica Stock Exchange (JSE) is set to introduce innovative 'blue-green' bond products by mid-2024. This initiative is part of Jamaica's broader strategy to invest $5 billion by 2050, aimed at mitigating the impacts of environmental instability....

The United Arab Emirates (UAE) has emerged as a leader in the Middle East and North Africa's (MENA) green bond market. The nation recorded sales nearing $10.7 billion, a staggering 170% increase from previous figures. This impressive growth accounts...

In a significant move towards sustainable financing, the Queensland Treasury Corporation (QTC) has raised a notable portion of its $9.52 billion funding goal for 2023–2024, with the issuance of a bond yielding 4.75%. Rated AA+ by S&P Global and Aa1...

The World Bank has announced the launch of a unique seven-year bond, valued at $100 million, specifically targeted at reducing plastic waste. This pioneering Plastic Waste Reduction-Linked Bond is designed to generate financial returns for investors...

The European Union (EU) officially embraced the much-anticipated Regulation 2023/2632 on European Green Bonds (Regulation). This regulatory framework outlines the criteria for bond issuers seeking to designate their environmentally sustainable bonds...

Hitachi, a key player in Japan's corporate landscape, recently issued five-year green bonds with a competitive coupon rate of 0.598%. Notably, Nippon Life Insurance has shown confidence in this sustainable financial approach by acquiring half of the...

In a seismic debt shift, green bonds have surged to prominence, emerging as the cornerstone of the staggering $3.7 trillion global thematic debt, encompassing ESG (environmental, social, and governance) bonds, social bonds, sustainability bonds, and...

Robeco, a global asset management firm, has released the results of its annual global survey, which included 300 of the world’s largest institutional and wholesale investors. According to the survey results, the number of investors who believe that...

Green bond sales reached a new record high in the first quarter of 2023, despite a brief market shutdown due to banking turmoil. According to data compiled by Bloomberg, global issuance of green bonds, the largest category of sustainable debt,...

Mongolia's largest commercial bank, Khan Bank, announced the issuance of the country's first green bond, according to a statement from the bank and the International Finance Corporation (IFC). The $60 million bond, with a term of five years, will be...

Siemens Energy AG raised €1.5 billion ($1.63 billion) in its first-ever green bond issue, according to Dow Jones Newswires. Siemens Energy AG, the parent company of Siemens Gamesa Renewable Energy, will use the bond to refinance the existing debt of...

The African Development Bank (AfDB) announced the issuance of a 1 billion Norwegian krone (NOK) (around €‎900 million) 5-year green bond, due March 2028. This marks the bank's first green bond issuance in the Norwegian krone market, following...

The European Union (EU) has agreed on comprehensive guidelines for issuing green bonds to meet the bloc's net-zero targets. Compliance will be voluntary. EU member states and the European Parliament have jointly established a standard for businesses...

Fastned, a European fast charging stations company, opened subscriptions to new bonds being issued, at EUR 1,000 per bond, with 5% annual interest. The proceeds of the bonds will be utilised for the expansion of Fastned’s fast-charging network and...